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econ.GN2026
The Economics of AI Inference: Inflation Dynamics, Welfare Costs, and Optimal Monetary Policy under the Inference-Cost Phillips Curve
Gustav Olaf Yunus Laitinen-Fredriksson Lundström-Imanov
We develop a unified microeconomic and monetary theory of artificial intelligence inference costs and their pass-through to inflation, welfare, and optimal monetary policy. We intr…
econ.GN2026
The Economics of Model Collapse: Equilibrium, Welfare, and Optimal Provenance Subsidies in Synthetic Data Markets
Gustav Olaf Yunus Laitinen-Fredriksson Lundström-Imanov
Generative artificial intelligence is rapidly transforming the supply side of training data: an increasing share of new tokens, images, and structured records is produced by previo…